- Investment of $1.2 billion in Ceyhan Mega Petrochemistry Industry Zone
- Production capacity of 450,000 tonnes of polypropylene
- Operational by 2023
- Contract signed on November 28, 2018
Investment and Partnership
Rönesans Holding has partnered with Algerian national energy company Sonatrach to develop a polypropylene production plant in Turkey, with a $1.2 billion investment. The facility will be located in the Ceyhan Mega Petrochemistry Industry Zone.
Production Capacity and Economic Impact
The proposed facility will have a production capacity of 450,000 tonnes of polypropylene annually. Once operational in 2023, it is expected to reduce Turkey’s current deficit by $450 to $500 million each year.
Contract Signing
The contract for the development of the polypropylene production facility was signed by Dr. Erman Ilıcak of Rönesans Holding and Sonatrach CEO Abdelmoumen Ould Kaddour on November 28, 2018. The signing ceremony was attended by Mustafa Varank, the Republic of Turkey’s Minister of Industry and Technology.
